Entrepreneurship Flashcards
1
Q
What is Entrepreneurship
A
Entrepreneurship means starting, organising and managing a business in order to make profit. An entrepreneur is the person who imitates the process.
2
Q
What are the characteristics of Entrepreneurship
A
- Determination
- Commitment
- Insight (clear idea of business)
- Brain storming (Seeking new ideas and making changes)
- Resourcefulness
- Creativity
3
Q
What tis Enterprise
A
This is an organisation or business created for commercial purposes.
4
Q
What is Fair play
A
This is the quality of teaching people equally without cheating them in business.
5
Q
What are the Attributes of Fair play
A
- Equity
- Openness
- Inpaticulay
- Straightforwardness
- Truthfulness
6
Q
What is the Importance of Entrepreneurship
A
It is the fact that entrepreneurship is a difficult and time-consuming undertaking, but it’s quite beneficial to all and sundry.
